moved for leave to introduce Bill C-284, An Act to amend the Department of Industry Act (financial assistance).
Mr. Speaker, this pandemic has required extraordinary support for business and industry, which will be an obligation on current and future taxpayers. An example, of course, is the airline announcement of yesterday.
While we support many of the measures, government transparency and accountability are essential. My private member's bill, an act to amend the Department of Industry Act, financial assistance, would require annual publication of all grants, loans and contributions that total over $100,000. I picked $100,000 so that we would not be capturing all the small businesses that were seeking much-needed support.
Parliamentarians and all Canadians have a right to know the status, terms and conditions, especially for repayable loans. This bill is not only about greater transparency and accountability, but it is also about our ability to scrutinize the effectiveness of spending and, more importantly, the ethics of the spending.
Certainly, I want to thank the member for Carleton for seconding this bill, and I think it should have the support of all members in the House for us to do the critical work that we need to do.
(Motions deemed adopted, bill read the first time and printed)